Bentley, Michigan Property Taxes
The median property tax rate in Bentley, MI is 0.37%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bentley at $122,300, the typical annual property tax bill is $451, well below the national median of $2,690. Property taxes in Bentley are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bentley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bentley or another part of Bay County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bentley, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$453
$420
Ownwell’s Bentley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bentley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bentley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bentley, Michigan
Property taxes in Bentley, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bentley is 1.36%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Bentley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bentley estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bentley's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48613 zip code has the highest median property tax rate of 1.36%, while the 48650 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Bentley provides valuable insights into the varying tax landscape across Bay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bentley Tax Rate
0.37%
Average Bay County Tax Rate
1.00%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | 0.24% | 0.30% | 0.37% | 0.47% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Bentley, Michigan
In Bentley, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated for tax purposes by local authorities. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bentley, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, Bentley's median home price is $122,300, with tax bills ranging from $257 at the 25th percentile to $1,017 at the 90th percentile. The zip code 48613 has the highest and lowest median tax bill of $451. Being aware of these valuation processes in Bentley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bentley Assessed Value
$122,300
Average Bay County Assessed Value
$117,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | $39,500 | $71,550 | $122,300 | $198,300 | $312,700 |
Source: Ownwell
Property Tax Bills Across Bentley, Michigan
In Bentley, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. Homeowners in Bentley, part of Bay County, can expect their tax bills to vary significantly depending on several factors, including the assessed value of their homes and the local tax rate. The median home price in Bentley is $122,300, and the property tax rate is aligned with the national median of 0.99%. Tax bills in Bentley range widely, with the 25th percentile at $257 and the 75th percentile at $690, indicating a broad spectrum of property values and tax burdens. At the higher end, the 90th percentile tax bill reaches $1,017. The highest and lowest median tax bills in Bentley are both $451, concentrated in the zip code 48613. These variations in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Bentley Tax Bill
$451
Average Bay County Tax Bill
$1,271
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | $153 | $257 | $451 | $690 | $1,017 |
Source: Ownwell